Westwood Wealth Management Makes New Investment in Invesco S&P 500 Quality ETF $SPHQ

Westwood Wealth Management purchased a new position in shares of Invesco S&P 500 Quality ETF (NYSEARCA:SPHQ) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 69,732 shares of the company’s stock, valued at approximately $5,233,000. Invesco S&P 500 Quality ETF makes up about 3.9% of Westwood Wealth Management’s investment portfolio, making the stock its 5th largest position.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC grew its stake in Invesco S&P 500 Quality ETF by 4.0% during the 4th quarter. Brighton Jones LLC now owns 3,948 shares of the company’s stock worth $265,000 after buying an additional 151 shares during the last quarter. Fragasso Financial Advisors Inc raised its stake in Invesco S&P 500 Quality ETF by 0.5% in the third quarter. Fragasso Financial Advisors Inc now owns 31,677 shares of the company’s stock valued at $2,342,000 after buying an additional 157 shares during the last quarter. Brown Advisory Inc. boosted its holdings in Invesco S&P 500 Quality ETF by 1.1% in the second quarter. Brown Advisory Inc. now owns 15,535 shares of the company’s stock worth $1,107,000 after acquiring an additional 166 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its holdings in Invesco S&P 500 Quality ETF by 0.5% in the third quarter. Dynamic Advisor Solutions LLC now owns 35,163 shares of the company’s stock worth $2,577,000 after acquiring an additional 168 shares in the last quarter. Finally, Symphony Financial Services Inc. grew its stake in shares of Invesco S&P 500 Quality ETF by 1.6% during the third quarter. Symphony Financial Services Inc. now owns 11,190 shares of the company’s stock worth $820,000 after acquiring an additional 177 shares during the last quarter.

Invesco S&P 500 Quality ETF Stock Down 2.0%

SPHQ opened at $74.95 on Friday. The company has a market cap of $15.31 billion, a P/E ratio of 25.36 and a beta of 0.92. The firm’s 50-day moving average price is $78.17 and its 200-day moving average price is $75.65. Invesco S&P 500 Quality ETF has a 52-week low of $57.67 and a 52-week high of $81.04.

Invesco S&P 500 Quality ETF Company Profile

The Invesco S&P 500 Quality ETF (SPHQ) is an exchange-traded fund that is based on the S&P 500 Quality index. The fund tracks an index of US large-cap stocks selected by return on equity, changes in net operating assets and financial leverage. Stocks are weighted by these quality factors, scaled by market cap. SPHQ was launched on Dec 6, 2005 and is managed by Invesco.